Solutions
Hedge fund and asset management technology provider HedgeGuard has launched its UK business as it begins the rollout of a new cloud technology platform and international expansion.
HedgeGuard’s software is designed to reduce costs across the asset management industry and provide cloud-based front-to-back office ‘intelligence’ for all clients on any device.
Already active in the French market, HedgeGuard’s software is designed to be user-friendly. It has adapted to increased volatility and regulation on behalf of its existing clients, with the reporting, risk and compliance modules that managers increasingly need.
Designed by hedge fund managers for hedge fund managers, HedgeGuard’s
Clearstream is to extend the range of securities eligible for settlement in the future pan-European settlement platform TARGET2-Securities (T2S) by leveraging the network of cross-border links to non T2S markets of its international central securities depository (ICSD).
As such, Clearstream will make its ICSD-issued securities (i.e. Eurobonds) and also securities issued outside Europe available via T2S, which represents a significant expansion of scope compared to the original universe of the T2S project.
Clearstream’s decision will therefore further contribute to the harmonisation of cross-border flows in Europe and beyond.
T2S is the future pan-European settlement platform that the European
New regulations will drive trading activity in foreign exchange away from options and non-deliverable forwards (NDFs) to futures, which will become a much bigger and more important part of the FX market.
In a report, The Futurization of FX Derivatives, Greenwich Associates says the movement of trading activity to futures will require investors to rethink how they access the FX market, dealers to revamp business models to facilitate trading in a profitable way, and technology providers to offer solutions to help all market participants adapt and succeed in the new market.
“A conservative five per cent move out of
Financial information services company Markit has acquired thinkFolio, a London-based maker of portfolio management software.
The software from thinkFolio offers sophisticated order management (OMS), portfolio modelling, compliance and cash management capabilities for the cash and derivative markets across multiple asset classes including bonds, commodities, equities and foreign exchange.
Around 3,000 traders and portfolio managers at leading buyside firms use thinkFolio today.
The acquisition expands Markit’s franchise in enterprise software and its ability to provide front office solutions. thinkFolio is already integrated with Markit’s enterprise data management solution and certain data services from Markit, such as Transaction Cost Analysis
Deutsche Börse Market Data + Services has acquired Impendium Systems, a London-based firm that deploys cloud-based software solutions to help customers’ achieve regulatory compliance in Europe, North America and Asia-Pacific.
The acquisition was completed on 10 January 2014 for an amount in the single digit million euro range.
The deal represents an important step in Deutsche Börse’s growth strategy of integrating technology and data offerings to better serve client needs.
“The integration of market data and technology services has enabled us to further enrich our global data sets as well as utilize existing capacity to tap into specialized
Traiana has launched a service to reconcile client reference data ahead of the introduction of mandatory electronic trading of swaps on swap execution facilities (SEFs).
The new service, using technology provided by Duco, reconciles reference data from disparate sources provided by CCPs, SEFs, futures commission merchants (FCMs), buy-side firms and swap data repositories.
The service will allow Traiana to help its customers to reconcile significant volumes of data and ensures that clients are not prevented from trading by clerical errors or mismatches in static data regarding accounts, limits or SEF trading identifiers before the regulations come into force in
BNP Paribas and Morgan Stanley have joined EurexOTC Clear for Interest Rate Swaps (IRS), Eurex Clearing’s central counterparty service for OTC derivatives, increasing the total number of clearing members to 32.
“Joining EurexOTC Clear is a major element of our approach to offer a full scope of OTC CCP services to our clients all over Europe. Eurex Clearing's CCP offering together with our expertise will enable our clients to have a choice of CCP provider and prepare for OTC clearing prior to the start of the EMIR mandatory clearing date,” says Gavin Dixon, global co-head of FI clearing at BNP
S&P Capital IQ Real-Time Solutions has extended its QuantFEED and QuantLINK solutions through Hong Kong Exchanges and Clearing’s (HKEx) Orion programme.
The new service provides participants with faster access to both trading platform and market data services.
The launch of the HKEx Orion Market Data (OMD) Platform and Orion Central Gateway (OCG) programme illustrates the growth of client demand for market access, connectivity, speed and efficiency across Asia. The use of S&P Capital IQ’s products through these portals will enable flexibility and faster access to low latency market data, alongside a broader scope of connectivity across major financial capitals
Global Reporting Company (GRC) and REGIS-TR have teamed up to provide buy-side and corporate clients with European Market Infrastructure Regulation (EMIR) compliant trade reporting services.
The move comes ahead of the EMIR obligation to report over-the-counter (OTC) and listed derivative transactions, which comes into effect on 12 February 2014.
GRC offers firms, including corporate entities and investment managers, an end-to-end solution to address regulatory trade reporting requirements. Delivering a neutral fully outsourced service, it enables market participants to spread their trading risk by continuing to use multiple prime brokers whilst consolidating reporting tools, data mapping, process monitoring and connectivity
ABN AMRO Clearing has become a clearing member of EurexOTC Clear for Interest Rate Swaps (IRS).
By joining this central counterparty (CCP) for over-the-counter (OTC) derivatives, ABN AMRO Clearing and its wide range of clients will be able to prepare and get ready for the impending OTC clearing obligations in Europe.
“As the largest clearing member of Eurex, we are pleased to further extend our clearing offering in the OTC area. ABN AMRO Clearing is determined to remain at the forefront of the growth industry. With the expansion of our Eurex Clearing membership to EurexOTC Clear, we can now
